Ferro Molybdenum Price - Jun. 5, 2019

Molybdenum prices in China continued to remain stable with the approaching of Dragon Boat Festival holiday. The tightening availability of raw materials still supports the molybdenum concentrate market; ferro molybdenum market minds the risks of price inversion considering quiet steel tenders; molybdenum chemical and product market is in a stalemate, waiting for next moves in cost side and trading volumes. 

Codelco, the world's largest copper producer, announced that due to a safety accident, part of the works in its largest copper mine, El Teniente, were suspended. The accident is under investigation and the time for resuming production has not yet been determined. The data shows that in the first quarter of 2019, the El Teniente copper mine produced 93,900 tons of copper and 1796 tons of molybdenum.

Prices of molybdenum products on Jun. 5, 2019

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Picture of molybdenum powder

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